Twenty-Unit Multifamily Apartment
New
For Sale
$4,950,000
2275 NE 12TH Street, Pompano Beach, FL 33062
MULTI_FAMILY - Pompano Beach, FL
Property Size11,165 SF
Lot Size0.42 Acres
Price / SF$443.35
Days on Market5
Property Features for 2275 NE 12TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-20
Parking
25
Directions
North of Atlantic east of US 1 on 12th St
Subdivision
3232
Standard status
Active
APN
484330200090
Size
11,165 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FLORENCE VILLAS 42-8 B LOT 1 BLK 2
Tax Annual Amount
63687
Legal Description
FLORENCE VILLAS 42-8 B LOT 1 BLK 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1958
Floors in Building
2
Number of units
20
Flooring type
Tile
Building materials
CBS
Roof type
Composition
Listing Agency:
Nicklaus Vance
(561) 721-2626
Listed By:
Casey M Prindle · License #3223583
(786) 443-7203
Added: Jul 28
Changed: Jul 30
Last Checked: Aug 1 at 1:06PM
MLS# B26057380
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This twenty-unit multifamily apartment building is built with CBS construction and has a composition roof. The property is comprised of two contiguous parcels totaling 18,112 SF and includes two buildings with 18 one-bedroom units and 2 two-bedroom units. The property is served by public water and public sewer, with electric heating, tile flooring, and window or wall/window cooling units plus ceiling fans. The building was constructed in 1958.
The site is located east of Federal Hwy in Pompano Beach, minutes to the beach and Intracoastal.
Zoned RM-20, the community is positioned within a stabilized multifamily setup described as having in-place rents that are below market, with potential through lease renewals and updates.
The site is located east of Federal Hwy in Pompano Beach, minutes to the beach and Intracoastal.
Zoned RM-20, the community is positioned within a stabilized multifamily setup described as having in-place rents that are below market, with potential through lease renewals and updates.
Key Highlights
- Twenty‑unit apartment community with two buildings
- Two contiguous parcels totaling 18,112 SF on 0.42 acres
- 18 one‑bedroom units and 2 two‑bedroom units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $328.3k | $29.40 |
| − Vacancy | −$16.4k | −$1.47 |
| EGI | $311.8k | $27.93 |
| − OpEx | −$140.3k | −$12.57 |
| NOI | $171.5k | $15.36 |
11,165 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.45M
$2.14M – $2.86M
NOI $171,511 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,805 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - CBS-constructed, RM-20 zoned apartment building with public water and public sewer, offering 18 one-bedroom and 2 two-bedroom units.
Where is this apartment building located?
The property is located at 2275 NE 12TH Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Twenty‑unit apartment community with two buildings; Two contiguous parcels totaling 18,112 SF on 0.42 acres; 18 one‑bedroom units and 2 two‑bedroom units
